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Gold Bullion Discovers New Gold and Copper Occurrence on its Castle Mine Property
(via Thenewswire.ca) Rouyn Noranda, Quebec / TNW-ACCESSWIRE / December 8, 2014 / ...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Gold Bullion Discovers New Gold and Copper Occurrence on its Castle Mine Property(via Thenewswire.ca)\n \n \nRouyn Noranda, Quebec / TNW-ACCESSWIRE / December 8, 2014 / Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the \"Company\" or \"Gold Bullion\") has discovered a new mineral occurrence by following a boulder train to the new EXTENSION 7929 on its Castle Mine property. Initial sampling returned gold grades of 1.32 g/t and 1.25 g/t with copper values up to 1.032%. Trenching and channel sampling is ongoing.\n\n\n \nCastle Silver Mines Inc. is a wholly owned subsidiary of Gold Bullion Development Corp. and retains 100% ownership of the Castle Property. The new EXTENSION 7929 is situated on the Company's Castle Mine Property located in Haultain and Nicol Townships in northern Ontario within the historic Gowganda silver mining camp. Comprising 3,252 hectares, including the historic former silver producing Castle Mine, the Company has established a fully integrated exploration camp with diesel generated power on the property that is accessible year around by paved and gravel roads.\n\n\n \nThe historic Castle Silver Mine operated intermittently between 1917 and 1989 with over 22 million ounces of silver mined as press released April 11th, 2011. Results from the more recent 12 hole 6,000-metre 2011 winter drill program returned a significant intersection of 3.09 metres grading 6,476 g/t Ag from hole CA1108 as press released on August 25th, 2011. Despite the impressive silver history and existing current potential, it is possible that this silver camp may be in the early stages of becoming a gold camp as property exploration advances. \n\n\n \nIn 2012, potentially significant, highly altered boulders with 3-5% sulphides were identified during preliminary work with this boulder train extending for 260m from the north shore of Miller Lake. Present grab and channel samples are as follows:\n\n \n\nTrench\n\n\n\n\nSample\n\n\n\n\nGold\n\n\n\n\nCopper\n\n\n \n \n \n \n\n\nC.\n\n\n\n\nChannel #42070\n\n\n\n\n0.26 g/t\n\n\n\n\n1.032 %\n\n\n\n\nD.\n\n\n\n\nGrab #42049\n\n\n\n\n1.25 g/t\n\n\n\n\nN/A\n\n\n \n\n\nGrab #42028\n\n\n\n\n1.32 g/t\n\n\n\n\nN/A\n\n\n \n \nWork thus far on the EXTENSION 7929 has identified at least one source area related to distinct boulder trains of strongly altered, sulphide-rich, rusty, angular boul...